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Starbucks to close stores, lay off workers in $1 billion restructuring plan
In a major new announcement, Starbucks CEO Brian Niccol revealed the company is making significant cuts as part of its ongoing turnaround strategy. We break down the key details from his letter to employees.

Here's what you need to know:

Starbucks will be closing an undisclosed number of underperforming stores across the U.S.

The company is cutting 900 non-retail partner roles and freezing many open positions.

CEO Brian Niccol stated that these steps are to "reinforce what we see is working" and prioritize resources for long-term growth.

This is a deep dive into how Starbucks is changing its business model and what these changes mean for the company's future.

What are your thoughts on Starbucks' new strategy? Share your opinion in the comments below!



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